Find the Right Daleville Mortgage Attorney

Mortgages Explained

In Daleville, Alabama, a mortgage is a loan given to purchase a particular piece of property - usually a house - with the property being purchased with the loan serving as collateral for that same loan.

Taking out a mortgage and buying a house is not a decision to make lightly. Nonetheless, mortgages serve some very useful purposes. Because houses are so expensive, it's impossible for most people to buy them by paying the whole price upfront. A mortgage ensures that the seller gets paid immediately, and that the buyer is able to pay the purchase price over a long period of time, in manageable installments.

When you buy something with an interest-bearing loan, you will, of course, be paying more than the actual purchase price when all is said and done. After all, lenders are businesses, and seek to make a profit in exchange for a service they provide. They present financing for the purchase of the home, and, in return, they are repaid the purchase price, plus interest.

Nonetheless, to many people, this extra cost is worth it. After all, without mortgages, few people would ever be able to buy homes, if paying out of pocket is the only alternative.

Getting a Mortgage in Daleville, Alabama

The most essential factor in getting a mortgage on favorable terms in Daleville, Alabama is having a good credit rating. Credit ratings exist to make it easy for prospective lenders to assess a person's risk as a borrower. A good credit rating shows that you paid most or all of your debts on time, and are likely to continue to do so. A poor credit rating says the opposite, and will make it much more difficult to get a loan, and even if you do, the interest rate is likely to be much higher.

Most lenders will not issue a loan without a down payment. The down payment required will typically be measured as some relatively small percentage of the purchase price of the home. However, considering the prices involved, this could translate to a fairly large sum of money. Before taking out a mortgage, you should ensure that you have enough money saved up to make a down payment, and then some. This will show lenders that you are accountable with your money, and ensure that the down payment puts a minimal strain on you finances.

You also need to be realistic about your budget. The fact that you're buying a house that you don't have to instantly pay for can tempt some people into taking on more debt than they can oversee. You need to make a full accounting of what the house is likely to cost, including the cost of the mortgage payments, property taxes, repairs and maintenance, and other fees.

Once you're ready to close the deal, you will have to sign all of the mortgage and sale agreements. This essentially makes everything final, so it's imperative that you have a good understanding of every provision of the agreement long before you get to this point. This is definitely an area where surprises are not desirable.

Can a Daleville, Alabama Real Estate Attorney help?

Buying a home is not a decision to be made lightly. It is necessary to obtain competent legal and financial advice before purchasing a home. To that end, a knowledgeable Daleville, Alabama real estate attorney should be consulted.

5*****Jesse H.
by
Kathy J. ,
08/20/2016Mr. H. was efficient, courteous and knowledgeable, Everything an attorney should be. Smooth process. I would engage his services again.

5*****Jesse H.
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Willie M. ,
07/31/2016

5*****Jesse H.
by
Jennifer M. ,
06/21/2016

5*****Jesse H.
by
James H. ,
06/20/2016While waiting on the results for my first case I have already have decided to use Mr. H. for my next case. He is prfessional seams to have a extraordinary understanding of not only the law but my needs as a client. Mr.H. has a way of taking something in legal jargon one may not understand and educating you as a client how it would or would not help.

5*****Sid H.
by
Stephanie H. ,
05/18/2007My case was solved today, 5/18/07. I feel very blessed that Mr. H. hang in there with my impatience. He handled everything as he said he would and I would recommend him to anyone.
Sincerely,
Stephanie Henderson

5*****Sid H.
by
Jaime S. ,
10/17/2006Mr. H. is an excellent lawyer. He is very modest, professional, clever, and spends the appropriate time needed on the case. I hope to never have to hire an attorney again, however, if I ever had to again, I would definitely call Sid H..

5*****Sid H.
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Roger F. ,
09/28/2006Sid has represented others that I have heard about. I went through legal match because a friend of mine told me about Sid; that represented a guy named Mr. Lewis this pass April 2006; and Wendy notified me that he did a great job. She speaks highly of Sid; but she couldn't remember his name. She knew that he would be on legal match; because that's how she found him in legal match for Mr. Lewis.

5*****Sid H.
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Shannon W. ,
08/21/2006I contacted LegalMatch after becoming suspicious of a woman my husband had "had" a child with in a previous relationship. She called all hours of the night wanting money or us to pick her son up. Her last call she said if she didn't get money she'd change the boy's last name. We contacted Sid, he was wonderful. We got the paternity test back and my husband wasn't the father. After thousands of dollars in child support and 13 years of harassment, our attorney helped us to get peace of mind. Sid is a really good man and is so considerate. It's intimidating to deal with attorneys, but not with Sid, we were very comfortable with him. He even spent about 45 minutes one Saturday talking to me before we hired him. He gave us great advice and had reasonable fees. We would definately recommend Sid to others.
Shannon, AL

5*****Sid H.
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Michael K. ,
04/19/2006Sid H. is not just a wonderful lawyer I think he is a wonderful man. Any body can be a good lawyer & help you win your case. I was looking for someone that went beyond the fancy suit & legal paper work. If you are looking for a lawyer that is excellent in legal knowledge, shows compassion for your well being, & helps honesty to proveil over lies then Sid H. is the lawyer for you. Mr. H. did a wonderful job. I highly recommend this HONEST Lawyer. He's not after fame & money he's after whats right.

5*****Sid H.
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Stella W. ,
02/21/2006Mr. Sid H. is a wonderful attorney. I would hire him again without question.
If I have anymore legal needs I will definately hire Mr. H. again.

5*****Sid H.
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Victor B. ,
01/12/2006Very Good Lawyer

4****Sid H.
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John A. ,
08/06/2007Thank you for all that you do. Keep up the good work!!!!!

4****Sid H.
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Crystal I. ,
04/10/2007Mr. H. has worked on my case for over a year now and has done an excellent job! Although it was difficult at times, Mr. H. pursued my ex until we got a settlement/judgement! I would definitely recommend him to anyone in need of a lawyer in Alabama! Thanks again, Mr. H.!

4****Sid H.
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Harold H. ,
01/23/2007Thus far Mr. H. has demonstrated sincere concern and has exercised much patience and knowledge of my legal situation. I am impressed with his service.

4****Sid H.
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Latretta W. ,
01/12/2006Mr.H. is a very good lawyer, my case is not over with, but he is still working on it.

3***Sid H.
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Wesley M. ,
04/21/2016

3***Sid H.
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Terry L. ,
10/24/2006MR H. IS CURRENTLY WORKING ON CASE. HE SEEMS OPTIMISTIC THAT WE WILL HAVE A FAVORABLE OUTCOME. SEEMS TO CARE ABOUT OUR SITUATION AND WE FEEL HOPEFUL THAT HE WILL RESOLVE.

3***Sid H.
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Brian C. ,
01/12/2006I have just had my first consultation with him and hired him, so I will have to see just how well he represents me with my case. From how he talks it sounds like he knows what he is doing and was very helpful. I really was surprised when he called me on a Sat. afternooon and spent over 1/2 an hour on the phone with me.

5*****Scott J.
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Carole A. ,
08/09/2011I am still working with Scott but I am confident he will guide me in the right direction. I could not be more pleased to have him as my attorney.

5*****Scott J.
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Susan G. ,
04/02/2010Mr. J. was ethical. Furthermore, he was straightforward with me. He was knowledgable and attentive.
In a history of about 50 encounters, once he ran just a fuzz late. But to me, tiny snafus are part of living (I make mistakes such as and similar to small latenesses about 4 times a day in my work life and my personal life). He is still the best lawyer I have ever worked with. I have met or worked with about 10.
I almost put excellent rating instead of superior for "was the service was a good value for my money?" This because all attorneys cost too much. But Mr. J.'s fees were quite fair, even good, considering in his field, which happens to be basically a field of businesspeople who charge many times over too much. He did not do unecessary work on my case to get in extra money.